Back to 564 to test the high as resistence or breakthroughSetting up on the last bit of support before breaking through that, or a reversal to fully form what I still suspect to be reverse H&S.
ETF market
SPY My Opinion! BUY!
My dear subscribers,
This is my opinion on the SPY next move:
The instrument tests an important psychological level 540.43
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 552.17
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
QQQ: Will Start Growing! Here is Why:
The price of QQQ will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair.
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QQQ - WEEKLY CHART - BEARISH OPTION INTO 2025This is a long term weekly chart of the QQQ
It seems like, if we won't take the 485 out to the upside, we may see a di [ going into 2025 with potential of almost 50% correction
I am holding 85% cash and waiting for the future to come
Is there an AI bubble around the corner?Are semi conductors forming a rounded top or will they bounce on the trend support line? If you are even asking yourself if this is a serious question you are probably already late. get your calls asap. don't wait for the trend line support bc semi conductors are leading the way into AI. looking at the 265 calls sept 27 at the open on monday...
TLT- Flight to SafetyTLT will soon become (its already started if youve been paying attention) a major safe haven
Rate cuts are imminent and is typical of the market...so is a corresponding market crash
Weve already caught our flight...have you?
XLF- The ImplicationsAs with SPX, XLF is headed to what we think is a MAJOR TOP
We will save the long diatribe but the implications of this are disturbing to say the least
What are the implications?
Increased layoffs
Increased unemployment
Increased Bankruptcies
Bank Insolvencies of various levels
Restrictive Credit in spite of rate cuts
Etc, Etc, Etc
Prepare yourself
DIA $392 PT Sep '24 (Repost)Reposting my DIA $392 target price for September (my previous chart was too messy). It's been in a very consistent channel all of 2024. This means SPY should continue lower towards the $500 level through this week. We will need to see DIA hold the $392 level and SPY to stay above $500, which I think is very likely the case as we go into rate cuts 9/18. The rate cut on 9/18 will very likely add much needed boost to equities to go back to highs before a full on market crash.
SPY: End of Correction Wave$515 -520 is not out of the question. At this stage we'll have made just about 10% correction. Technically, it's possible to continue but I think this market overall is strong, and we may likely continue with the overall trend upward.
I'd consider compiling your favorite companies and preparing buy orders.
Best of luck!
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VOO support levels at 485 and 468! VOO first support at 485! Great support at 468! Due to the current volatility, there is a chance that VOO can test serious support levels in coming months!
Semiconductor Stocks Have Already Crashed !If you are looking for reasons why big money investors are
selling the US stock market in September, a closer look
at the Semiconductor ETF SOXL,
shows that stocks in the Philadelphia Semiconductor Index have already crashed !
From a high of $70 in April 2024, this ETF was priced and trading at 25.96 on Friday.
Big trouble now lies ahead if this ETF takes out its recent $23 Low.
Traders looking to short Semiconductor Stocks,on a crash
should use SOXS,.. which has already risen 50 % this summer alone.
SOXL 25.96 Close 9/6/24
THE_UNWIND
WOODS OF CONNECTICUT
QQQ September Week 1 TradingThe almost perfect 78.6 retracement and head and shoulders on the QQQ.
If the August 5th level is challenged we could be headed lower towards $408.
QQQ: End of Wave 1 of Wave CMore selling is expected in the market. We may get a bounce early in the week if wave 3 is not finished, but I am expecting a hard gap down sometime next week to complete Wave 1. From there, we will get a sizeable rally probably going into rate decision. After that, a MUCH larger series of selling in October or November.
QQQ The Target Is UP! BUY!
My dear friends,
Please, find my technical outlook for QQQ below:
The price is coiling around a solid key level - 448.69
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 463.68
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
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WISH YOU ALL LUCK
